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20 July, 1999The Japan Council of Metalworkers' Unions (IMF-JC) suggests that the Japanese government, labour and management work together to overcome the economic crisis.
JAPAN: Japan faces an unprecedented crisis of falling into a deflation spiral that could possibly trigger worldwide depression, according to the IMF-JC. The crisis has been caused by mistakes from the Japanese government and by the instability of the financial system.
In its new programme, Action Program 1999-2000, the IMF-JC first of all believes that the Japanese government, labour and management must work together to overcome the extremely intricate crisis. IMF-JC will address this as a part of its commitment to building a new economic and social system.
Second, Japan's economy must find its way out of contraction and get on the path to expansion.
Third, labour and management must seek every means to create jobs in new industries and businesses. In the metal industry the number of workers employed dropped in 1998 after a temporary recovery in 1997.
Fourth, Japan must carry out structural reforms and grope for a new track back to growth.
Asia was hit by the economic crisis in 1997 as it became increasingly part of the global economy. Most Asian nations are suffering from a rapid rise in unemployment rate from early 1998. The IMF-JC says in its action programme: "As a result labour unions in these countries are simply paralysed. IMF-JC represents Asia in the IMF Executive Committee and will do everything in its resources to support our colleague unions."
The IMF-JC will hold its 38th national convention on September 2, 1999 in Tokyo.
In its new programme, Action Program 1999-2000, the IMF-JC first of all believes that the Japanese government, labour and management must work together to overcome the extremely intricate crisis. IMF-JC will address this as a part of its commitment to building a new economic and social system.
Second, Japan's economy must find its way out of contraction and get on the path to expansion.
Third, labour and management must seek every means to create jobs in new industries and businesses. In the metal industry the number of workers employed dropped in 1998 after a temporary recovery in 1997.
Fourth, Japan must carry out structural reforms and grope for a new track back to growth.
Asia was hit by the economic crisis in 1997 as it became increasingly part of the global economy. Most Asian nations are suffering from a rapid rise in unemployment rate from early 1998. The IMF-JC says in its action programme: "As a result labour unions in these countries are simply paralysed. IMF-JC represents Asia in the IMF Executive Committee and will do everything in its resources to support our colleague unions."
The IMF-JC will hold its 38th national convention on September 2, 1999 in Tokyo.